Giant is one of the few projects that crossed the threshold successful and constantly progressing 6-month work. So let's take a closer look at it.
Giant is a high-tech solution for creating various kinds of projects using smart contracts of its own design. The main feature of Giant technology is simplifying the process of creating smart contracts in the world's most widely used programming language, JavaScript (JS).
More about technology
The project has its own virtual machine GiantVM. The architecture is made in JS and allows reading and executing the instructions specified in the contract. The developer kit includes a high-level compiler and an IDE plugin. This allows compiling JS code into GiantVM instructions and makes life easier for developers, they can immediately start creating contracts without having to learn an additional language.
Other competitive differences between Giant technology:
- Code update - the ability to update an existing smart contract, instead of creating copies of it on the network.
- Destruction – destruction and self-destruction of smart contracts that have no use on the network and have been forgotten by its creator.
- Burning fees – commission burning, aimed at equalizing the number of burned coins and the endless emission of the network.
- Self-governance – self-regulation of the development of the project by voting for the initiatives of users by the owners of the masternodes of the network.
Using this technology, the Giant team proposes to solve the problem of the lack of trust between users in almost any niche. Popularization of technology in the blockchain developer community is one of the important strategic objectives of the project. The more followers there are, the more application projects will be developed on Giant.
However, the Giant team is already developing its own projects on its own technology. The first such project is a decentralized binary options exchange Giant.Exchange.
A beta version is currently under development and is available here. Binary options have not just become the first niche for the project. This market has long “tarnished” its reputation and lost the trust of many traders. Thus, the implementation of the application, in which the trader is in complete security and transparency of the exchange, will clearly demonstrate the viability and usefulness of Giant technology.
The next project, which the team will begin to implement in Q2 2019, is a decentralized sports betting exchange. Giant bet.
In essence, this project solves problems similar to the problems of the binary options market, namely trust between the player and the bookmaker. Giant.Bet will allow you to place sports bets using smart contracts and eliminate the risks associated with payments.
Another project that will also be implemented in Q2 2019 is Giant.Coldstake - pool for PoS mining without the need for the user to keep the wallet on 24/7. The share of total earnings will be directly proportional to the number of coins that the user sent to the address of the smart contract.
Specification and numbers
Giant blockchain uses the Proof-of-Stake mining algorithm and Masternodes technology, which adds to the attractiveness for investors of this project.
As of 26.11.18, the Giant network already has 2016 active master stations.
It is important to note a high value Locked coinswhich is equal to 75,33%, excluding Premine. This indicates a high level of investor confidence, supported by stable results.
- Stock Ticker: GIC;
- Block reward: 20 GIC (80% MN | 20% PoS);
- Block time: 120 sec .;
- Maturity rate: 200;
- Number of coins for MN: 1000;
- Maximum number of coins: 1 PoW Phase + PoS - infinite;
Giant team and community
Most recently, the Giant team made the deanonymization of the team promised in Q4 2018: giantpay.network/team
Today the team consists of 12 people, and according to our information, it will soon become even more on the 3 person (2 developer, 1 content manager).
It is important to note that the number of the team is constantly growing and all HR-related news is broadcasted to the main chat of the project in Discord.
HR news is not the only thing the team shares with the community. The well-known SCRUM methodology was chosen to organize the workflow. Every 2 weeks, the team creates plans for the Sprint, holds daily rallies and a retrospective at the end of the sprint. All this is also broadcast in the relevant reports and public board in Trello.
Thus, the transparent work of the team and openness to feedback, have become the hallmarks of the project. A unique innovation was the closed chat for the mastersno owners. This is an important aspect of the self-regulation mechanism. For example, as a result of an internal vote, the transition to PoS was made earlier than the appointed time.
Summary
A promising project with realistic use of blockchain and smart contracts. The team chose actual problem and found the optimal implementation of technology. The challenge accepted by the team to create a transparent infrastructure in niches with a damaged reputation is a reason to become interested in the fate of this project as a spectator or investor.
Reports on development progress, commits on Github and the depth of white papers do not make you doubt the technical understanding of the implementation and the competencies of developers.
Transparency and honesty of the team's work is the reason for the favorable background, respectful and trusting relationship of the community to the project. All this is supported by a unique self-regulation mechanism, which puts the project team on a par with other investors.
User support is organized at a high level. On the Team page, you can see team members who regularly advise on masternode setup, staking and many other issues. If you have a question, feel free to #support @mani or @ ballz41 on the Discord server.
About stable rate cryptocurrency Giant and high level of hold, confirmed by the value of Locked coins. Moreover, Giant Coin is the only means of payment for all products based on the Giant blockchain.
GIC capitalization for today is about 800 000 USD. For the past month, the price has been growing almost daily, updating the bottom in 0,18 $ in October 2018 of the year. The annual ROI is about 200%, and the return on investment is about 6 months.
The purchase and sale of GIC is currently available on 2 exchanges: Crypto-bridge, Graviex. Before the release of the product, GIC should appear on at least one more exchange. After the release, the listing from TOP-20 to CMC will be reviewed for listing. It is planned to add a GIC / USD currency pair to facilitate the acquisition of this digital asset by Giant.Exchange traders and users of other projects.